Photo: ReutersNew York: For Bitcoin investors, these are the times that try one’s soul. As more novice investors jumped in, Bitcoin shot above $10,000, then $15,000, then as high as $20,000 on some exchanges, in a span of only a few weeks. Thomas Lee of Fundstrat said the cryptocurrency would slide to as low as $9,000 before shooting back up. Also, Hayter said an emerging regulatory framework and investor protections will be positive for cryptocurrencies in the long term. “It’s just early year market blues,” said David Mondrus, a long-time crypto enthusiast and chief executive of Trive, a blockchain-based research platform.

Source: Mint February 03, 2018 16:30 UTC